##
|||||Page|
|---|---|---|---|---|
|Legal and|administrative|details|||
|Trustees'|report|||2-5|
|Independent
Auditors'||report|||
|Statement|offinancial|activities|||
|Summary|income and|expenditure|account|10|
|Statement|offinancial|position|||
|Statement|of cash flows|||12|
|Notes to the financial statements||||13-18|
|Trustees|||C.J.Boulton||||
|---|---|---|---|---|---|---|
||||T. Donnelly||||
||||K.F.Grabowski||||
||||G. Green||||
||||J. Harkin||||
||||K.A. McKenna||||
||||S.M. Robinson||||
||||A. Smith||||
||||M.Taylor||||
|Compa ny|secreta ry||P. Brown||||
|Company|number||2468843||||
|Charity number|||1081143||||
|Registered|and principal|office|2nd Floor, 1Park|House|||
||||Station Square||||
||||Coventry
CV1 2FL||||
|Auditors|||Cocke, Vellacott 5||Hill||
||||Chartered
Accountants||||
||||Unit 28 Dock Offices||||
||||Lower Road||||
||||London SE162XB||||
|Bankers|||The Co-operative|Bank p.l.c|||
||||P.O. Box101||||
||||3rd Floor, 1 Balloon Street||||
||||Manchester
M60|4EP|||
|Investment|managers||BRI Wealth
Management|||PLC|
||||BR I House||||
||||Elm Court||||
||||Meriden
Business||Park||
||||Coventry
CVS 9RL||||
|Solicitors|||Stone King LLP||||
||||Boundary
House||||
||||91Charterhouse|Street|||
||||London
EC1M 6HR||||
##
##
##
##
##
##
##
|The|trustees
are|responsible|for|the management|of the charitable
company.|of the charitable
company.|of the charitable
company.|The Board meets five or more times each|The Board meets five or more times each|The Board meets five or more times each|
|---|---|---|---|---|---|---|---|---|---|---|
|year|to consider applications.||There is also a mechanism|||to consider urgent applications
outside the scheduled||||meetings.|
|The|directors
(and|trustees of|the company for the||purposes||of charity
law) who|served during the year were:|||
||D. Baldam|(resigned||on 13September|2022)||J. Harkin|(appointed|on 20September|2022)|
||C.J. Boulton||||||R.A. Lillie|(resigned|on 13September 2022)||
||Dr A. Brinkley|(resigned||on 11January 2022)|||K.A. McKenna||||
||T. Donnelly||||||S.M. Robinson||||
||K.F.Grabowski|(appointed||on 13September|2022)||A. Smith|(appointed|on 22 November|2022)|
||G.Green||||||M.Taylor||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022|
|||||Notes|Total
E|Tatalf|
|Income from:|||||||
|—Donations||||4 (a)|97,551|108,232|
|—Legacies|||||12,000|255|
|—Investment
income||||4 (b)|10,278|8,768|
|Total income||||3.2|119,829|117,255|
|Less: Cost ofgenerating|funds||||||
|Investment
manager's
fees|||||(4,207)|(1,033)|
|Net incoming
resources|available||||||
|for charitable
application|||||115,622|116,222|
|Expenditure
on:|||||||
|Charitable
activities|||||||
|— Grants refunded/(payable)||||s (a)|(49,368)|(14,647)|
|— Grant refund
(provision|reversed)|/ grant refund|provision|5 (a)|||
|—Other expenditure
on charitable||activities||5(b@c)|(22,459)|(23,133)|
|Total charitable
expenditure|||||(71,827)|(37,780)|
|Tota I expenditure|||||(76,034)|(38,813)|
|Realised gains/(losses)
on disposal of investments|||||(20,061)|12,543|
|Net gains/(losses)
on investments|||||(20,061)|12,543|
|Net incoming resources / (expenditure)|||||23,734|90,985|
|Net movement
in funds|||||23,734|90,985|
|Reconciliation
offunds|||||||
|Total funds brought forward|||||672,825|581,840|
|Total funds carried forward|||||e9e,ss9|672,825|
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
|||||||Notes|f||
|Income|||||||||
|Donations||||||4 (a)|97,551|108,232|
|Legacies|||||||12,000|255|
|Investment
income||||||4 (b)|10,278|8,768|
|Gains on disposal of investment||||assets based on book value||||12,543|
|Total|||||||119,829|129,798|
|Less: Cost of generating||funds|||||||
|Other costs|||||||(4,207)|(1,033)|
||||||||(4,207)|(1,033)|
|Net incoming|resources available||||||||
|for charitable|application||||||115,622|128,765|
|Expenditure|||||||||
|Charitable
activities|||||||||
|- Grants refunded/(payable)||||||5 (a)|(49,368)|(14,647)|
|- Grant refund|(provision||reversed) / grant refund||provision|5 (a)|||
|—Support costs||||||5 (b)|(19,651)|(20,967)|
|— Governance|costs|||||5 (c)|(2,808)|(2,166)|
|Losses on disposal of investment||||assets based on|book value||(20,061)||
|Total|||||||(91,888)|(37,780)|
|Net income / (expenditure)|||for|the year|||23,734|90,985|
||||||Notes||2023
f||2022f|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Investments|||||||616,006||629,197|
|Current assets||||||||||
|Debtors||||||4,958||4,587||
|Cash at bank|and|in|hand|||78,392||63,972||
|Total current assets||||||83,350||68,559||
|Liabilities||||||||||
|Creditors: amounts|||falling|||||||
|due within|one year||||10|(2,797)||(24,931)||
|Net current|assets||||||80,553||43,628|
|Total assets|less current|||liabilities|||696,559||672,825|
|Funds||||||||||
|Unrestricted|income||funds|||||||
|General fund|||||||696,559||672,825|
|Revaluation|reserve|||||||||
|Total funds|||||||696,559||672,825|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Cash flows from operating|activities|||||
|Net income / (expenditure)|for the year|||23,734|90,985|
|Adjustments:||||||
|Gains on disposal of investment
assets||||20,061|(12,543)|
|(Increase) / decrease
in debtors||||(371)|5,166|
|(Oecrease)
in creditors||||(22,134)|11,000|
|Net cash used
in operating|activities|||21,290|94,608|
|Withdrawal
of cash held
in|investment|portfolio||(19,131)|100,545|
|Purchase of investments||||(145,541)|(629,911)|
|Proceeds ofsale ofother investments||at fair value||157,802|429,745|
|Net cash from investing
activities||||14,420|(5,013)|
|Net increase/(decrease)|in cash and|cash|equivalents|14,420|(5,013)|
|Cash and cash equivalents|at the beginning||ofthe year|63,972|68,985|
|Cash and cash equivalents|at the end ofthe||year|78,392|63,972|
##
##
##
##
##
##
##
##
##
##
##
##
|(a) Voluntary
income|(a) Voluntary
income||||2023
f|2022
f|
|---|---|---|---|---|---|---|
|Donations|from Circles||||4,275|6,047|
|Donations|from individuals||||72,940|82,299|
|Donations|from Provinces||||1,700|2,300|
|Donations|collected during||Annual|Conference|1,510||
|Donations|- Amazon5mile||||644|780|
|Tax on gift|aid donations|recoverable|||16,482|17,906|
||||||97,551|208,232|
|(b) Investment
income|||||||
||||||2023|2022|
||||||f|f|
|Income from investments|||||10,149|8,768|
|Interest receivable|||||129||
||||||10,278|8,768|
##
##
|Charitable
(a) Grants|activities
payable||2023
E|2022f|
|---|---|---|---|---|
|Grants Disbursed
—Lourdes|||32,375|7„100|
|Grants Disbursed
—Projects|||16,993|7,547|
||||49,368|14,647|
||||Number|Number|
|Recipients|ofgrants|- Lourdes|279|74|
|Recipients|ofgrants|—Projects|37|15|
||||316||
|(b) Support costs||||2023
E|2022f|
|---|---|---|---|---|---|
|Management
fees recharged|from The Catenian|Association|Limited (see note 12)|15,000|15,000|
|Costs of Flame Convention||||725||
|ITexpenses||||2,725|3,739|
|General expenses||||1,201|2,228|
|||||19,651|20,967|
|(c) Governance
costs||||2023
f|2022f|
|Committee
expenses||||1,005|691|
|Auditors fees —audit work||||1,720|1,400|
|Bank charges||||83|76|
|||||2,807|2,167|
|Total support
and governance|costs|||22,459|23~133|
##
##
##
|8.|Fixed asset investments|Fixed asset investments|||Investments|
|---|---|---|---|---|---|
||||||portfolio|
||Valuation||||E|
||At 1st April 2022||||629,197|
||Additions||||145,541|
||Disposals||||(177,863)|
||Net movements|in cash|held by brokers|for investment|19,131|
||Unrealised
gains/(losses)||on revaluation|of investments||
||At 31st March 2023||||616,006|
||Historical cost as|at 31st|March 2023.||616,006|
||Historical cost as|at 31st|March 2022||629,197|
|Fixed asset investments
(continued)|Fixed asset investments
(continued)|Fixed asset investments
(continued)|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The investments||of the charity at 31st March|2023 were|||||||as follows:|||Cost|Market value|
|Holdings||Description|||||||||||E|f|
|Alternatives|Funds||||||||||||||
|27,696.22||ARC TIME UK Infrastructure
lnc|||Fund||||II Class A lnc||||28,705|26,098|
|15,345.00||LF Ruffer Diversified
Return
I lnc|||||||||||16,369|15,772|
|9,046.00||Pantheon
Infrastructure
pic|||||||||||9,086|7,617|
|19,001.43||Trojan X Income|||||||||||23,430|23,851|
|Bonds, fixed|interest &gilts||||||||||||||
|19,742.17||Artemis Corporate
Bond Fund||I|Inc||||||||21,833|17,573|
|16,079.27||Baillie Gifford
High Yield Bond||B||lnc|||||||21,573|17,510|
|16,271||iShares Corporate
Bond Index||D||lnc|||||||19,680|18,159|
|10,896||iShares
UK Gilts All Stocks Index||||Fund|||D lnc||||13,666|13,431|
|8,821.00||GCP Asset Backed Income Fund||||Ltd|||||||9,155|6,086|
|17,397.00||GCP Infrastructure
Investments||||Ltd Ord GBP0.01|||||||17,763|14,822|
|China|||||||||||||||
|5,897.15||FSSA All China
EAcc|||||||||||9,553|8,188|
|Emerging
markets|||||||||||||||
|1,681.21||Baillie Gifford Emerging
Markets||||Growth||||Fund||B inc|14,396|11,580|
|17,195.56||JPM Emerging
Markets
Income|||C||lnc||||||11,343|11,411|
|Europe|||||||||||||||
|486.21||Baillie Gifford European
Net B||Inc|||||||||13,498|10,293|
|426.95||Fidelity Europea n W Inc|||||||||||10,400|10,896|
|International|||||||||||||||
|7,484.00||Bellevue Healthcare
Trust|||||||||||14,624|11,316|
|14.29||Pictet Indian
Equities
I GBP|||||||||||8,427|8,276|
|12,753.53||Regnan Sustainable
Water and||Waste|||||Fund||F Acc||13,745|12,881|
|6,400.00||Seraphim
Space Investment
Trust|||||pic||||||6,512|2,403|
|980.41||Baillie Gifford Japanese
B lnc|||||||||||17,420|15,079|
|1,535.03||Baillie Gifford American
B Inc|||||||||||26,825|14,460|
|624.73||Morgan Stanley Global Brands||Inst Inc|||||||||24,240|23,142|
|6,574.17||Premier Miton
US Opportunities|||||BAcc||||||23,228|22,885|
|Property|||||||||||||||
|8,905.00||Life Science REIT Plc|||||||||||8,930|5,521|
|14,074.00||LXI REIT Plc|||||||||||19,883|13,849|
|11,652.00||Urban
Logistics REIT Plc|||||||||||18,557|14,915|
|17,854.00||Warehouse
Reit|||||||||||24,975|18,247|
|UK Collectives|||||||||||||||
|15,322.37||AXA Framlington
UK Mid Cap Z|||Inc||||||||19,586|15,267|
|6,097.56||HSBC FTSE250 Index C inc|||||||||||10,525|10,579|
|14,219.00||Ishares
UK Equity Index Fund|D||lnc||||||||14,336|14,396|
|6,043.27||Liontrust SpecialSituations
I Class|||||Inc||||||32,387|28,851|
|UK Smaller Companies|||||||||||||||
|9,394.24||LF Gresham
House
UK Smaller||Comapnies|||||||Fund|F Inc|9,616|8,228|
|9,860.07||Unicorn
UK Smaller Companies|||C||Inc||||||10,493|8,332|
|Cash||Catenian
Bursary
Fund Ltd
—Charity||||||—Cash|||||71,247|71,247|
|Total investments
as at 31st March 2023|||||||||||||616,006|533,161|
##
##
|9.|Debtors||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||f|E|
||Other debtors
—The Catenian||Association|Ltd|||269||
||Other debtors
—tax on gift aid||recoverable||||2,689|4,587|
||Prepayments
and accrued income||||||2,000||
||||||||4,958|4,587|
|10.|Creditors: amounts
falling due||||||||
||within one year||||||2023
f|2022
E|
||Trade creditors||||||437|4,778|
||Amounts
owed to related companies||||||||
||—The Catenian
Association|Limited (see note 12)||||||14,772|
||-Catena Trustees
Limited|(see note 12)||||||473|
||Other creditors|||||||33|
||Accruals and deferred
income||||||2,360|4,875|
||||||||2,797|24,931|
|11.|Unrestricted
income funds||1April 2022||Incoming|Outgoing|Transfers|31March 2023|
||||||resources|resources|||
|||||f|f|f|f|f|
||General purpose
fund|||672,825|119,829|(96,095)||696,559|
||Investment
revaluation
reserve||||||||
|||||672,825|119,829|(96,095)||696,559|
##